Demand for land is:(Select two options)A Less elasticB Derived demandC Resource demandD More elastic

To determine the correct options from the given choices regarding the demand for land, we need to analyze the nature of land demand.

1. Less Elastic: Demand for land tends to be less elastic because it is a necessity with limited substitutes; changes in price do not greatly affect the quantity demanded. This option is true.

2. Derived Demand: The demand for land does not exist in isolation; it derives from the demand for the goods and services produced on that land. Therefore, this option is also true.

3. Resource Demand: While land can be considered a resource, this option is broader and less specific than the other two options. It is not as precise a description for the demand for land.

4. More Elastic: As discussed, demand for land is typically less elastic; this option is incorrect.

Final Answer

The correct options are:

• A: Less elastic
• B: Derived demand